Darrell Sherman - 01 Mar 2022 Form 4 Insider Report for Taylor Morrison Home Corp (TMHC)

Role
EVP, CLO & Secretary
Signature
/s/ Darrell Sherman
Issuer symbol
TMHC
Transactions as of
01 Mar 2022
Transactions value $
$0
Form type
4
Filing time
03 Mar 2022, 20:35:52
Previous filing
22 Feb 2022
Next filing
07 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMHC Common Stock Award $0 +14.8K +14.13% $0.00 120K 01 Mar 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TMHC Performance-based restricted stock units Award +6.98K +88.78% 14.8K 01 Mar 2022 Common Stock 6.98K Direct F2
transaction TMHC Performance-based restricted stock units Options Exercise -14.8K -100% 0 01 Mar 2022 Common Stock 14.8K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting and settlement of performance-based vesting restricted stock units ("PSUs") granted by the Issuer on February 19, 2019, under Issuer's 2013 Omnibus Equity Award Plan, as amended. Upon vesting, each PSU is settled in a share of the Issuer's Common Stock.
F2 On February 19, 2019, the Reporting Person received a grant of PSUs representing 10,451 shares of the Issuer's Common Stock (at target). The PSUs cliff vest at the end of a three year performance cycle, generally subject to the Reporting Person's continued employment through the applicable vesting date, with the number of PSUs earned and issued determined based on achievement of return on net asset performance objectives approved by the Issuer's compensation committee for each year of the performance cycle. The compensation committee determined that the objectives for the third tranche (2021) were achieved at a level resulting in 6,982 PSUs being earned by the Reporting Person on March 1, 2022, subject to satisfaction of the vesting conditions for such grant.